logo
Published on Gold Anti-Trust Action Committee (http://www.gata.org)

Gold back above $1,520, gains as much as 18% for 2019

By cpowell
Created 2019-12-31 23:57

From Investing.com, Nicosia, Cyprus
Tuesday, December 31, 2019

Gold capped out an unusually strong finish to 2019 despite the absence of more U.S. interest rate cuts. The yellow metal hit more than three-month highs today and finished the year with double-digit gains as investors sought the safe haven as a hedge to the U.S.-China trade war and other global troubles.

Gold futures for February delivery on New York's Comex settled up $4.50, or 0.3%, at $1,523.10 per ounce. It hit a session high of 1,528.25 earlier in the day, a peak since late September.

... Dispatch continues below ...



ADVERTISEMENT

Buy, Sell, or Store Precious Metals with Money Metals

Money Metals Exchange, a national bullion dealer recently voted "Best in the USA" by a worldwide ratings group --

https://www.moneymetals.com/news/2015/02/03/worldwide-ratings-organizati... [1]

-- is a great low-cost source for precious metals coins, rounds, and bars. Money Metals also pays handsomely when you wish to sell your precious metals.

Shop online with Money Metals Exchange here --

https://www.moneymetals.com/buy [2]

-- or by calling 1-800-800-1865.

Meanwhile, Money Metals Depository will store your precious metals in a segregated account at low cost:

https://www.moneymetals.com/depository [3]



Spot gold, which tracks live trades in bullion, was up $5.56, or 0.4%, at $1,520.58 by 2:52 p.m. ET after an 11-week high of $1,525.32 earlier.

Gold futures ended the year 16% higher, while bullion rose 18%.

While the U.S.-China trade dispute itself could have a preliminary closure with a phase one slated for signing in mid-January, according to President Donald Trump, gold's allure is by no means over, traders said. ...

... For the remainder of the report:

https://www.investing.com/news/commodities-news/gold-back-above-1520-gai... [4]

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org [5]

To contribute to GATA, please visit:

http://www.gata.org/node/16 [6]


Source URL:
http://www.gata.org/node/19726